The global Freight Trucking market size is anticipated to register a CAGR of ~5.9% between 2020 and 2026 and reach an approximate value of USD 4032 billion in 2026.
Market Research Future published a raw research report on the global Freight Trucking marketthat contains the information from 2020–2026. The global Freight Trucking market size is anticipated to register a CAGR of ~5.9% between 2020 and 2026 and reach an approximate value of USD 4032 billion in 2026.
Growing international trade agreements between countries and organizations have significantly promoted the expansion of the freight trucking market. The rapid expansion of fast-moving consumer products has contributed to the market development of freight trucking. The flourishing global online retail industry requiring speedy parcel deliveries is one of the reasons for the growth of the market.
Taste the market data and market information presented through more than 120 market data tables and figures spread in 160 numbers of pages of the project report. Avail the in-depth table of content market synopsis on "Global Freight Trucking MarketInformation from 2020 to 2026."
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- In March 2021, Estes Forwarding Worldwide (EFW), a leading United States domestic and international freight forwarder specializing in custom logistics and warehousing solutions, announced the launch of "Get It There Faster," an automated technology solution that delivers instant, expedited shipping options, shaving off transit days from standard LTL service.Built on an open API, EFW's "Get It There Faster" boasts seamless connectivity and configurability with most transportation management systems, allowing expedited rates to instantly populate for any designated service level, transit time, or class.
- In March 2021, Balyo, a technological company involved in the design and development of innovative robotic solutions for material handling trucks, announced a new technology pilot program in collaboration with XPO Logistics'distribution centernear Blois, France.
In 2019, the MR Vehicle Type segment helda significant market share: MRFR
The global Freight Trucking market has been segmented based on Vehicle Type, Cargo Type, End-Use, and region. Based on Vehicle Type, the global market is divided into Light Commercial Vehicles, Medium Commercial Vehicles, and Heavy Commercial Vehicles. The heavy commercial vehicles type segment is anticipated to hold a significant market share owing to growing construction and logistics activities across the globe.
Based on Cargo Type, the global Freight Trucking market is segmented into Dry Bulk, Liquid Bulk, and Refrigerated Products. The Dry Bulk segment accounted for a significantly large share in the global market owing to a rise in trade volume from one region to another.
Based on region, the Freight trucking market is segmented into North America, Europe, Asia-Pacific, Middle East Africa, and South America. The Asia Pacific dominated the Freight trucking market in recent years. The steadily evolving construction and mining industry have supported product growth in the region.
Based on End Use, the global Freight Trucking market is segmented into Industrial Manufacturing, Oil Gas, Construction Mining, Chemicals Agri-Products, Food Beverages, Healthcare, and Others. The industrial manufacturing segment accounted for a significantly large share in the global market owing to fast-paced industrialization globally to meet the growing demands from end-use industries.
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This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global Freight Trucking market, including high-growth regions and/or countries and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis.
Key industry participants in the Freight Trucking industry include Yellow Corporation (US), Estes Express Lines (US), XPO Logistics (US), CEVA Logistics (Switzerland), CMA CGM S.A (France), Kuehne + Nagel International AG (Germany), Nippon Express Co., Ltd. (Japan), Saia Inc. (US), SNCF group (France), ArcBest (US).
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Capacity Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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